The Tony Snow Show Thread, Wednesday, February 22, 2006

Fox Radio/Tony Snow | 2/22/2006 | Tony Snow

[saveliberty]

 

 

 

 

Tony Snow is back and better than ever!  Tony's guests and topics on today's Tony Snow Show include:

Sensible People Object
What does it mean when sensible politicians like Rep. Mike Pence (R-IN), Sen. Charles Grassley (R-IA), and Sen. Tom Coburn (R-OK) object to the port deal? Tony takes a close look.

Bush Comes Down Hard
The President came out strong on the port issue, saying he would veto any legislation to block the port deal. The President's protected us before; should we trust him this time?

So What's Really Going On at the Ports?
Intrepid reporter Griff Jenkins went on a tour of the Port of Baltimore, one of the ports slated to have its operations transferred to Dubai Ports World, to find out exactly what goes on there.

 

You can find out more information about the line-up, stream Tony's show, find local radio stations as well as other fun stuff off his website.

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[Txsleuth]

That was Joint Chief of Staff, Peter Pace...and I saw him...and believe me...THAT was significant to me.

[Seattle Conservative]

This may be a stretch, but found this article and wondering if this isn't a bit more strategery (outside of other points mentioned)of why the Prez is for this. Look at the proximity of Basra to UAE and Iran.

Iraq: Government announces major port project (Mega construction project in southern Iraq) AKI ^ | 2005 Oct 28

Posted on 10/30/2005 7:42:13 AM PST by Wiz

Baghdad, 28 Oct. (AKI) - Iraq's government has announced it has allocated 60 billion dollars to the construction of a 100-berth 'Grand Port' in the province of Basra in southern Iraq, which will become the area's biggest maritime hub. "This strategic mega-project, will be built by international companies to be selected by a tender that will open in a couple of days," an unnamed source told Adnkronos International (AKI).

The planned Grand Port will cover an area of 40 square kilometres in the Ras al-Bisha area. Given its location between Europe and Asia, it is expected to be of particular strategic and commercial importance. The various port infrastructure , such railways, roads, power stations and hotels are also expected to create desperately needed jobs.

(Excerpt) Read more at adnki.com ...

http://www.freerepublic.com/focus/f-news/1512030/posts

[Peach]

You don't have to find the transcript; I trust your representation. I did hear Pace yesterday and thought he had good points.

[rodguy911]

Last week at the very least. This whole thing has been going on since late Oct. Why the WhiteHouse hasn't informed everyone that needs to know is a huge question mark for many.

[Peach]

Me too, Txsleuth.

[conservativecorner]

Dubai Ports World is government-owned

February 20, 2006



The Dubai Ports World acquisition of the London-based Peninsular & Oriental Steam Navigation is being portrayed as the operation of free markets in which the United States should have no objection or interference. Nothing could be farther from the truth.

DPW was formed by a September 2005 merger of Dubai Port Authority and Dubai Port International. DPW is 100 percent owned by the government of the Emirate of Dubai via a Dubai government holding company called the PCFC (Ports, Customs, and Free Zone Corporation). The government holding company is headed by the ruler of Dubai, Shiek Mohammed bin Rashid Al Maktoum, who took over on Jan. 4, 2006, following the death of his father, Sheikh Maktoum.

The financing for the transaction reveals even more clearly that DPW is a governmental agency fronted as a commercial entity. Barclays Capital, the investment banking division of Barclays Bank PLC and Deutsche Bank AG are organizing an international lending syndicate to create a $6.3 billion term loan and a $200 million revolving facility in a $6.5 billion loan deal to finance the acquisition.

This nearly-100 percent leveraged takeover is possible only because the debt will be backed by A1 Moody's rating of Dubai, one of the seven Emirates comprising the United Arab Emirates. The borrowing entity will be Thunder FZE (Free Zone Enterprise), an acquisition vehicle set up by DPW, with a 100 percent guarantee provided by PCFC. Some 30 international banks are expected to participate in the $6.5 billion acquisition, plus refinancing a $1.65 billion loan DPW raised last year. Debt issues are not foreign to Dubai – last month PCFC issued a separate two-year $3.5 billion Islamic bond, the largest Islamic bond ever raised.

DPW also appears wired into the Bush administration. Last month, George Bush nominated one of DPW's senior executives, David C. Sanborn, to serve as maritime administrator, an important transportation appointment reporting directly to Secretary of Transportation Norman Mineta. Mr. Sanford, a graduate of the U.S. Merchant Maritime Academy, joined DPW in 2005. Before being nominated to be maritime administrator, Mr. Sanford served as DPW's director of Operations for Europe and Latin America.

Dubai has been far from faultless in the War on Terrorism. The 9-11 Commission Report documents how al-Qaida and the 9-11 terrorists who flew the airplanes into the World Trade Center and the Pentagon used Dubai as a banking facility and a country of transit. Dubai continues to work actively with the radical religious clerics ruling Iran, serving both as a vacation home and a capital haven to many of the wealthy mullahs and their families, including former Prime Minister Hashemi-Rafsanjani, who is the first mullah to be considered a billionaire while the Iranian per capita GDP continues to be calculated at around $1,800.

By the end of 2006, Dubai calculates that some $300 billion will have been moved from Iran to Dubai by over 400,000 Iranians. Iranians who travel to Dubai for business are estimated to constitute 25 percent of Dubai's population. The Dubai Chamber of Commerce shows that more than 6,500 Iranian-owned companies are now registered in the UAE under Iranian nationality. Some 10,000 Iranian students live and study in Dubai. Some 20 percent of the investments in Dubai shopping centers are now registered under Iranian names. In one week, at the end of June 2005, Iranians bought 31 percent of the luxurious villas of Al Hamra tourism-residential complex, located in Ras Al Khaimah, north of Dubai. The UAE is a popular tourist location for those Iranians lucky enough to have the funds to travel, with many visiting several times a year, spending considerable sums on shopping, hotels and the beach.

With Iran defiantly pursuing a nuclear program believed to be building weapons, and with Dubai having established financial connections with al-Qaida operatives, is President Bush having another "Harriet Miers moment" in allowing Dubai Ports World to gain operations control over American ports in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia?


Maybe the explanation is that President Bush takes seriously the idea of establishing a Bush-Clinton dynasty and he just seized the opportunity to allow Hillary Clinton to move to the center, leading with Senate hawks who see the Bush administration decision as risking our national security by turning over control of our ports to an Arab Islamic state that is obviously too comfortable with terrorists.

In "Atomic Iran," I specifically chose the scenario that terror sleeper cells in America would seek to obtain an improvised nuclear device manufactured in Iran and shipped into the United States in a container delivered to a New York area port. The Bush administration has been lax in patrolling our porous border with Mexico. Evidently, the Bush administration proposes to deal with our ports with a similar lack of concern that we are turning over operations of key American ports to what amounts to the government of Dubai. The DPW deal is giving me serious concern that we might see yet another prediction I made in "Atomic Iran" become reality.

---

Jerome R. Corsi received a Ph.D. from Harvard University in political science in 1972 and has written many books and articles, including co-authoring with John O'Neill the No. 1 New York Times best-seller, "Unfit for Command: Swift Boat Veterans Speak Out Against John Kerry." Dr. Corsi's most recent books include "Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil," which he co-authored with WND columnist Craig. R. Smith, and "Atomic Iran: How the Terrorist Regime Bought the Bomb and American Politicians."

[rodguy911]

The ports from which cargo is shipped "is" a huge concern and we are all over that end from what I understand. That's why we need excellent relationships with everyone involved.

[Miss Marple]

I am back and trying to catch up. I understand your concern about Carter, but he didn't come out on tis until yesterday, and I am 100% certain he did so in order to stir up even more discontent within the GOP...plus Hillary opposes it, and he hates the Clintons as much as Bush, so he probably thought he would poke a finger in her eye.

[JFC]

FYI, President Bush is live on CSPAN right now.

[Peach]

Dubai continues to work actively with the radical religious clerics ruling Iran, serving both as a vacation home and a capital haven to many of the wealthy mullahs and their families, including former Prime Minister Hashemi-Rafsanjani, who is the first mullah to be considered a billionaire while the Iranian per capita GDP continues to be calculated at around $1,800.

Difficult though it is to say, so many of us don't trust the Arabs, who are notoriously two-faced. And that's the bottom line to a lot of the objections.

[mewzilla]

Considering the other two companies are in Hong Kong and Singapore, I can see why the Toons would want the UAE's deal kayoed.

[Bahbah]

Thanks for the heads up. Guess how happy I am about the President going to Pakistan and India :(

[radioproducer]

The question is this: who do you trust more--General Peter Pace or Jerry Corsi?

[Txsleuth]

Maybe because the people in Congress that are supposed to find out about this....didn't pay attention when notified??

Brit seemed confused last night when it was reported the Senate Finance Committee Chairman, Grassley was saying that he was "blindsided" by this...when he, because of his committee would have been notified in NOVEMBER, when it was done.

Perhaps, it is like I have suspected for a while...Congresscritters don't always do their homework, or read all things that they should.

[luvie]

I wouldn't bet against the President! He is smarter than the average bear!

[A Citizen Reporter]

Is your radio working? Tony has got some good stuff on Bill Frist. He handed out his press release, and then called the WH. Shot his political career right in the foot.

[Peach]

Tony says that he thinks it's important in a post 9/11 world that we find out what's going on instead of just issuing press releases. Too many guys have their finger in the wind instead of trying to find out what's going on in the real world. And he thinks the president will smash the objectors on this, although he admits the PR has been horrible on this matter.

[Peach]

Pace. But I don't think there's any doubt that UAE does not have a great history, at least pre 9/11.

[Bahbah]

He handed out his press release, and then called the WH. Shot his political career right in the foot.

Having watched Frist operate for the last year, I have questioned on several occasions whether he is actually running for President. If he is, he's wasting his time.

[JFC]

I agree.. W should not travel in that HATE INVESTED land, however, he resides in 2 of those most hate filled places in the country... Washington and near Austin liberal freak land.